14280 NE 6 AVE - Royal Oak Apartments
19-Unit Stabilized Multifamily Asset
Marketing description
The Alpha Commercial Advisors® present Royal Oak Apartments, an expertly stabilized and freshly renovated 19-unit multifamily investment in the supply-constrained North Miami sub-market.
Offering diversified unit typologies, reliable in-place income with majority market-rate tenancies, recent comprehensive renovations, and long-term durability with completed 40-Year Recertification, this asset delivers turnkey performance with curb appeal that lasts.
The property has undergone a capital improvement overhaul, with extensive property-wide interior & exterior upgrades designed to support stable operations and long-term performance. Impact glass throughout and private terraces in select units enhance the property’s modern aesthetic, attracting tenants and supporting consistently high occupancy levels. This is a rare opportunity to acquire for $199K/door a fully renovated and stabilized asset.
Locationally supreme, North Miami is a submarket benefiting from strong renter demand, limited new multifamily supply, and equidistant proximity to major employment corridors and regional connectors as Biscayne Boulevard, NE 125 ST, NE 163 ST, and I-95.
Investment highlights
INVESTMENT HIGHLIGHTS
—Highly sought after mid-size multifamily asset ideal for long-term holders or 1031 Exchange buyers seeking stabilized yield in a supply-constrained market.
—Extensively renovated asset with completed 40 Year Recertification, upgraded building systems and majority updated interiors, minimizing near-term capital needs.
—Secure, gated grounds featuring beautifully renovated modern courtyard design, impact glass, surveillance system, and on-site laundry facilities for additional revenue generation.
—Highly financeable, stabilized income profile with a mix of market-rate and Section 8 tenants (4 units) providing diversified and reliable cashflow.
—Well-located North Miami asset adjacent to North Miami Elementary School and centrally positioned between Biscayne Boulevard, NE 125 Street, NE 163 Street, and I-95.
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